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Mortgages for Business reports best ever trading month

Mortgage packager Mortgages for Business has seen a 154% increase in sales since March 2007, this is also their busiest ever month since the packaging operation of Mortgages for Business was set up in late 2006.

Nick Blunt, head of business partner development at Mortgages for Business, says: “Contrary to some opinions across the market, packagers are even more necessary in the current climate. However, the packagers who are thriving in these difficult market conditions are the ones who add significant service value to the packaging process. Mortgages for Business can add considerable value by providing, among other things: dedicated case management, access to specialist buy-to-let sourcing tool ‘Bluesky’ and dedicated marketing support for individual campaigns.”

Furthermore, Mortgages for Business are not concerned about the recent rumors surrounding lenders cutting their panels.

Blunt says: “We package for a number of lenders and we have a totally exclusive relationship with specialist lender Keystone, these types of relationships give us a significant competitive advantage in the market.”


Norwich Union beefs up LTV rates

The equity release provider is enhancing its lifetime mortgage product range by increasing its LTV on all fixed rate and providing cash reserve option.

B2L prospects are good, say brokers

The Mortgage Works says brokers are optimistic about landlords’ prospects this year. Some 44% of respondents polled by the firm think investors will not only maintain their existing portfolios but grow them.

RBS to distribute shares

RBS directors will meet next month to distribute shares connected to its recent rights issue.

Bailout may not be enough to save PM

How many more redundancies will it take before Prime Minister Gordon Brown realises he needs to help the mortgage industry? The loss of 50-plus jobs at edeus last week is another hammer blow to the market and a sure sign, if one were needed, that the worst is yet to come.

Mental health in the mainstream

By Amanda Docherty, senior marketing consultant Apart from career success, millions in the bank and, on appearance, coveted lifestyles, what else do Rio Ferdinand, Lady Gaga and Ellie Goulding all have in common? They’ve all demonstrated that the power of celebrity can sometimes have a more altruistic purpose than idle gossip. Recently we’ve seen respected […]


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